The Zambian government and the World Bank have signed an agreement for the implementation of a project worth more than US$56mn which will help reduce power shortages in the country
Energy
AfDB approves loan for Morocco’s wind and solar initiatives
The African Development Bank (AfDB) has approved a loan of US$800mn to spur private investment in Moroccos growing wind and solar markets
South Africa lifts fracking ban in Karoo region
South Africa has lifted restrictions on shale gas exploration in the Karoo region using fracking
Eton Group funds greenfield refinery project in Nigeria
Eton Group and Qua Petroleum Refinery Ltd will invest around US$1.7bn for the construction of a greenfield refinery in the Akwa Ibom State of Nigeria
Tanzania secures loan from China for gas pipeline construction
Tanzania has secured a US$1.2bn loan from China to finance the construction of a 230km natural gas pipeline linking Mtwara gas fields and Dar es Salaam